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20121201
20121231
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FBC 17
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, china will be the number one consumer of the so-called dirty energy, we'll talk about that with an environmentalist, also, we also have our eyes on washington, of course, lawmakers are on vacation, but there still is no deal on taxes. nearly every american is going to have to pay more in just eight days if congress can't reach some kind of an agreement. checking the big board right now, the dow jones industrial average is down about 41 points. again, we've got a half day of trading and we close today at 1 p.m., so that traders can go out on christmas break. light volume, but there are significant movers that we'll talk about in just a second. in particular, apple and jb penpejb-- j.c. penney. we have shibani joshi and adam shapiro as well and first to nicole, j.c. penney, a lot of people worried about retail sales, think it's going to hit companies like j.c. penney hard? guess what? the stock is up 4%, why? >> that's a huge move on a day when the major market average, look the at j.c. penney, it's posted comments from oppenheimer this morning, talking about the fact th
. will the president step in? . detroit voted for him, the unions, mr. obama is there, what is he going to do? china is here buying part of the bailed out aig, buying 123 battery company and buying american mansions. that's what happens when china has the money and we've spent all of ours. or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it just common sense. from ameritrade. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holid deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fex office. >> two big stories coming together today in michigan. first off, the new right to work rules will become law tomorrow. the unions are absolutely furious out protesting yesterday and big demonstrations still to come. listen to this. >> and tuesday, they're
a very tiny amount and of course, what you really have to remember, you're never going to get china or india on board. so essentially, it's going to have a very, very small effect. it's not the solution to climate change. >> would you say that the co 2 emissions are causing temperatures globally to rise. >> yes. >> and that's accurate? >> and in the long run, we do need to cut back on carbon emissions, but the way that we're trying right now, the way that we're trying in doha and many international areas is not working and we're essentially making up these promises, but what are we doing? we're sending productions to china and india, so essentially we're putting out more co 2, but not in our home countries. stuart: will you hold on a second, i've got breaking news, we'll come back to you. and ford sales up 6%, the stock is up about 2% now, 11.69. earlier chrysler reported a 14% sales increase. back to bjorn lundberg, the doha climate change conference from the united nations still going on. what do you expect to come out of it. >> unfortunately, virtually nothing. look, we've been h
on "varney & company," apple says it sold a record 2 million 3 c1 iphone 5's this weekend in china. still, one citigroup analyst down grades the stock and says it's got a much lower price target. there are also rumblings about orders for its products this christmas. all right, so, nicole, did we break below 500 bucks this morning? >> we did. we broke down on apple shares below $500 for the first time since february. but in that same breath, i can talk about the fact that their iphone sales over in china broke records on the rollout. stuart: okay, but right now, i'm seeing it expected to open around $510 a share. >> right. stuart: but i did see it pre-market at 499. just for a brief spell so we broke below very briefly and now we've broken back up again. >> and you have that citigroup downgrade which just piles on to the other analysts who have lowered their expectations on apple. stuart: and there's a switch. all right. john boehner bends and makes the president an offer and it includes higher tax rates on the rich. boehner's proposal, higher rates on incomes over a million dollars a year
it, merry christmas. well, energy guzzler, china's coal imports are almost up 35% since this time last year. the international energy agency warns that coal is on track to be the world's chief energy source by 2017 mainly because of china. what's an environmentalist to do about all this of. we asked bob deans of the natural resources defense council at the top of the hour. stay tuned. and let's go back to nicole for a check on microsoft right now. of course that's stuart's favorite stock. what's it doing? >> that's right, he always discloses that he owns some shares. well, if he were to be watching right this moment he'd be disappointed because the stock here is down nearly 1%. the biggest loser in the dow jones industrials and the experts have been watching the shopping this holiday season, are not seeing the shoppers really buying windows 8, the latest microsoft software and saying while the parking lots have been full in the malls and such and apple store is bustling and people are leaving with packages, while people are intrigued with microsoft 8 they're not really getting in
to health care i like it too. appreciate it. does communism pay a? it does for the chinese. 160 of china's 1,000 richest people have a collective network of $220 billion. those 160 people all hold key positions in the communist government. up next. stuart: senator harry reid blames republicans and says we are likely going to fall off of the fiscal cliff. rich edson on capitol hill, have i got the gist of it right? blamed the republicans, it is all your fault. >> that is about it. the senate wants the house republican conference to pass the bill the senate passed a few months ago and house republicans want to pass the bill they passed a few months ago. it is save to say we are basically where we started in this whole thing a few days before the fiscal cliff. dave: it is they fight. flat out political fight. i guess you can expect that as the deadline draws close but it doesn't take us any closer to any kind of deal, does it? >> if anything it takes us further from a deal and the quote from senate majority leader basically said the house of representatives is being operated as a dictatorship f
is it for irony, 160 of china's richest people are also its most prominent communists, we'll discuss that with a expert. and you've got a few days to make the charitable contributions to save on your taxes. will at that deduction ever be taken away or trimmed a little. if it does, what happens to charities? we'll tell you. we'll talk to a gun store owner who says he's seen unprecedented increase in sales and why customers are buying and what they're buying. all right, it's friday morning, off to seven early movers for you. today the biggest winners and losers in the nasdaq 100 or the year this is. start with the biggest losers all big names that you know, intel, amazing, down 16% this year, today it's down a little more. staples on the year, down 20%. today, it's down a little more. and dell down 31% this calendar year and today it's down a little bit more. and yesterday, the big losers, down more. winners, computer hardware maker sea gate, it's down just a fraction right now. data networking company doubled this year up 101% and it's down 79 cents today. that's it, not much. expedia
in one day. two reasons, the iphone slips in china, got it, but investors are taking their profit now because they don't want to pay the president's higher stock profit tax next year, big deal. the president has now drawn two lines in the sand. no to a debt ceiling, he wants a blank check and he's not backing off and yes on tax rate hikes, no compromise from the white house. wait until you hear the latest from ed asner. he voiced the teacher union cartoon where the rich urinate on the poor. who does he want to urinate on now? watch out, everybody, "varney & company" about to begin. ride . she knows the potential for makingr losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. well, having a ton of locations doesn't hurt. and a santa to ot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stss. fede
. charles: not yet. stuart: investors are character out on apple losing market share in china and samsung stepping in and fox and friends host as resident tech guru, here is the question, clayton, has apple lost its cool? and also, netflix in trouble with the sec over facebook status, what? find out why after this break. ♪ [ male announcer ] this is karen anjeremiah. they don't kn it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life togeth where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. gethe mercedes-benz on your wi list at the winter event going o w thugh december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month
about apple losing its cool in the u.s. it looks like that's true in china. the iphone 5 at a very chilly reception for its beijing launch overtight. so, nicole, i think that apple is down again. >> it is, again, down over this, 3% right now. you're talking the 514 range. aen what happened to the $700 range and that's ubs this morning, they kept their buy rating, but reduced their target from 700 to 780 talking about china being one of the issues and not being able to build there. stuart: and the iphone 5 in beijing, there was a snowstorm, okay, a mild snowstorm, there were only two people in line to get those first iphone 5's in china. that's it. only two people. i think that's got something to do with the apple decline this morning. >> you know what, if you really want something, wild horses and snowstorms won't keep you away. stuart: so, i think we can conclude that maybe apple's losing a little of its shine, a little of its cool. maybe, i don't want to be too pejorative here, just maybe. nicole, thank you, down 10 in the early going. i want to take a look at rim, research in mo
be on the the way, they've got one already, how is that working out? and china may be the number one economy soon. really? "varney & company" about to begin. >> right off the top, breaking news for you now. fox business learned that a group claimed to be aligned with terrorism is threatening to launch a massive attack against u.s. bank websites and made that threat in the fall and this is a new threat set to start this week, we hear. and a list of banks targeted includes j.p. morgan chase, bank of america, u.s. bancorp, pnc financial services and suntrust banks. more details when we've got them. the power and might of unions on display today and being tested. you will see huge protests at the state capital building in michigan where right to work legislation will be signed today. that means workers will be able to choose if they want to join the union. they will no longer be compelled to pay dues. here is the president speaking at a daimler factory in michigan yesterday. >> we do everything we can to encourage companies like daimler to keep investing in american workers. and by the way, what we
.5%, after looking at the food turns out kfc in asia and china supplied with chicken that contained excessive antibiotics as reporting the administration's sentiment, facing intense competition and forecast sales that were going to be lower, taiwanese chicken, they have been tense competition. here is the part that freaks me out for lack of a better term. eight of 19 baskets of the chicken samples were sent to the testing laboratory in 2010-2011 that contained overly high levels of antibiotics. this was going on for an extensive period. eight of 19 badges, less than half of the badges, that is a good percentage you will get these chickens but too many antibiotics. stuart: that is why stock is down, the china market is the most important market for yum brands. that accounts for the stock rise recently doing well and pulling back because it has a problem with chicken in china. we hear you, thank you very much. the dow jones averages back to a loss, triple digit was down 107 points after john boehner made his presentation half hour ago the dow came from 122 down to 88 down and now back to 105 do
petallides right there on the floor of the new york stock exchange. china, cracking down on money transfers at wynn macau casinos. i guess that wynn stock is going to be down? nicole: you are right. we're seeing the stock down nearly 4% here. this is not good news for them overall. basically china's new leadership cracking down on fast money moving. they are going to set rules where you can't -- restrict the limits on how much money can actually be taken out of the country. there are a lot of new rules that would be put in place. all of it is obviously for responsible gambling, but it seems to be a lot deeper than that. stuart: i've been to that casino in macau. i mean totally different from anything you will ever see on the strip in las vegas. i mean it is really really different. i will get to that a bit later. david: yeah, we're all interested in that story. stuart: i don't gamble. david: man oh man. [laughter] stuart: moving along, republicans counteroffer to president obama's solution to the fiscal cliff yesterday with a plan of 800 billion dollars in new revenue from tax reform, not f
secure. david: they are doing gangbusters in china as well, the samsung galaxy is far outpacing the iphone 5 right now. >> what rimm has going for it is they do have 78 million subscribers and they are known for the security. they are known for a compression technologies that make the web surfing faster. if the user experience of blackberry 10 and developers don't get excited about the next platform, then they are toast. david: one thing they have surprised me about iphone or about apple in general, is they haven't taken advantage of the problems that rimm has to get into the business market. they are so focused on getting the new jazzy thing for the consumer, rather than the business user, that they haven't tried to invade that market. does that surprise you? >> yes, to a certain degree. i think mostly on the ipad they are making a lot more inroads than they are with the iphone. iphone is sort of still a back door sort of deployment. i think once -- sort of microsoft might wind up helping apple in the sense that a lot of people think they are developing office for ios. if that comes
the stock, says its recent problems in china, only temporary. at this price $68 a share. 68 they say heading higher. goldman is downgrading darden restaurants. t it says -- it says the turnaround at olive guaarden is slow. it is down. boston beer makes sam adams beer, it expects to make more money next year, simple reason it is selling more beer. the stock hit all-time high today. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. stuart: the federal reserve is going to start tying interest rates to the unemployment rate. ben bernanke says he will not raise interest rates until unemployment is down to 6 1/2%. there's the link. all rise, judge andrew napolitano. i haven't even got his name out and he is shaking his head. what's so wrong with the federal reserve saying l
's not going over well with the rest the world, including the u.s. and china. now we have some of the richest people in the world and they want the government to make more of your money. warren buffett, george soros, bill gates' dad they want the estate tax to go up and say the rate should start at 45% and go up from there. and millions would qualify to pay, but buffett and soros have an estate plan to avoid much of that tax. i'm quoting now, an estate tax with these guidelines to reduce the deficit and fund vital services and paid by only 10% of the estate. work your whole life and half of it goes to the children and half to the government and of course it's already been taxed when you earned it in the first place, is that fair? we're dealing with that today. i'm waiting for my special dividend from microsoft, but the company i own shares in has ramped up production of its new surface tablet. maybe that will help the stock. are you listening, steve ballmer? nicole, pre-market, where is the stock? >> stuart, you're making me laugh already and the show has barely begun. you're waiting for your
, not only the united states, japan has been easing china has been easing and around the world easing and you would expect the gold to be higher. stuart: you would. paper currencies are not worth what they used to be worth. the euro, for example, the u.s. dollar, for example, the british pound. i mean, this is paper currency under threat. at times like that, you expect gold to go straight up. well, it it had a nice run, but now, even though the fed is printing and printing and printing and the japanese and the europeans join in, the best answer you've got there are more sellers than buyers? >> in terms of monetary easing, the general expectation for inflation down the road. gold would be steady and rising, it's not. that's because gold is now a tradeable asset class. it's no longer a hedge and what it used to be. and the decoupling because they're selling it as they would any stock, etf, or apple. and there are sellers than buyers because of year end sellers and pressure hedge funds have been experiencing and selling off winners. gold is seeing some of the same thing. >> that's interesting, g
Search Results 0 to 16 of about 17